What price and quantity will monopolist produce at if

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Reference no: EM13456495

Suppose that a firm has a monopoly on a good with the following demand schedule:

Quantity Price

0 $10

1 $9

2 $8

3 $7

4 $6

5 $5

6 $4

7 $3

8 $2

9 $1

10 $0

a. What price and quantity will the monopolist produce at if the marginal cost is a constant $4?

b. Calculate the deadweight loss from having the monopolist produce, rather than a perfect competitor.

Reference no: EM13456495

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